BMO Capital Markets Reiterates Neutral Rating for General Mills (GIS)

General Mills (NYSE:GIS)‘s stock had its “neutral” rating reiterated by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Friday.

Other equities research analysts have also issued reports about the stock. Bank of America lowered their price target on shares of General Mills from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, September 21st. Citigroup reiterated a “buy” rating and issued a $67.00 price objective on shares of General Mills in a research report on Thursday, September 21st. Susquehanna Bancshares reiterated a “hold” rating and issued a $58.00 price objective on shares of General Mills in a research report on Tuesday, September 19th. Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 price objective on shares of General Mills in a research report on Wednesday, September 6th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $53.00 price objective on shares of General Mills in a research report on Monday, September 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. General Mills presently has a consensus rating of “Hold” and a consensus price target of $57.52.

Shares of General Mills (NYSE GIS) opened at $60.13 on Friday. The firm has a market cap of $34,520.00, a price-to-earnings ratio of 22.03, a PEG ratio of 2.63 and a beta of 0.66. The company has a current ratio of 0.81, a quick ratio of 0.47 and a debt-to-equity ratio of 1.79. General Mills has a 1-year low of $49.65 and a 1-year high of $63.73.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. analysts predict that General Mills will post 3.12 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lenox Wealth Advisors Inc. boosted its position in shares of General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after purchasing an additional 15 shares during the period. Cable Hill Partners LLC boosted its position in shares of General Mills by 274.5% during the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after purchasing an additional 1,647 shares during the period. Grove Bank & Trust boosted its position in shares of General Mills by 322.7% during the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after purchasing an additional 1,878 shares during the period. Tradewinds Capital Management LLC boosted its position in shares of General Mills by 127.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after purchasing an additional 1,459 shares during the period. Finally, Spectrum Management Group Inc. purchased a new position in shares of General Mills during the 3rd quarter worth approximately $135,000. Hedge funds and other institutional investors own 72.62% of the company’s stock.

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About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

Analyst Recommendations for General Mills (NYSE:GIS)

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